Adapt Wealth Advisors LLC Purchases Shares of 36,225 Lazard Global Total Return and Income Fund, Inc. $LGI

Adapt Wealth Advisors LLC acquired a new position in shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,225 shares of the company’s stock, valued at approximately $627,000.

A number of other hedge funds have also recently made changes to their positions in LGI. Allworth Financial LP acquired a new stake in shares of Lazard Global Total Return and Income Fund in the 2nd quarter worth about $34,000. Transcend Capital Advisors LLC increased its holdings in Lazard Global Total Return and Income Fund by 14.1% during the 2nd quarter. Transcend Capital Advisors LLC now owns 11,661 shares of the company’s stock worth $196,000 after purchasing an additional 1,440 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Lazard Global Total Return and Income Fund by 8.3% in the second quarter. Ameriprise Financial Inc. now owns 14,613 shares of the company’s stock worth $246,000 after purchasing an additional 1,125 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Lazard Global Total Return and Income Fund by 4.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,209 shares of the company’s stock valued at $373,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its position in shares of Lazard Global Total Return and Income Fund by 7.3% during the third quarter. Flagship Harbor Advisors LLC now owns 27,982 shares of the company’s stock valued at $484,000 after buying an additional 1,908 shares during the last quarter.

Lazard Global Total Return and Income Fund Trading Up 2.4%

Shares of Lazard Global Total Return and Income Fund stock opened at $19.26 on Friday. The stock has a fifty day simple moving average of $18.12 and a 200 day simple moving average of $17.66. Lazard Global Total Return and Income Fund, Inc. has a 12-month low of $13.35 and a 12-month high of $19.30.

Lazard Global Total Return and Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 23rd. Stockholders of record on Tuesday, February 10th will be paid a $0.1534 dividend. This represents a c) annualized dividend and a dividend yield of 9.6%. The ex-dividend date is Tuesday, February 10th. This is a positive change from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.15.

About Lazard Global Total Return and Income Fund

The Lazard Global Total Return and Income Fund (NYSE: LGI) is a closed-end management investment company that seeks to provide its shareholders with an attractive level of current income and capital appreciation. Managed by Lazard Asset Management LLC, the fund pursues a global, multi-asset strategy that includes investments in common stocks, investment-grade and high-yield corporate bonds, emerging market debt, sovereign securities and convertible instruments. By blending equity and fixed-income exposures, LGI aims to generate a diversified income stream while managing volatility across market cycles.

Leveraging the research capabilities of Lazard’s global investment platform, the fund’s portfolio managers draw on in-house analysts and specialist teams located in North America, Europe and Asia.